Why is this so difficult for you? You either have an idea of what a living wage supports or you just think it sounds good.
Why is this so difficult for me? Honestly? Because a: I don't like to brag and b: it's the internet, who'd believe me? But I make by most people's standards a really good living, and at the same time so many of my hours are consumed at work that my wife does all of the finances. I couldn't tell you what my last paycheck was but from what I read on the news it's probably bigger than what at least 95% of Americans earned in the same 2-week period. So I have no idea what a living wage is for most people.
But if it had to be hypothetically evaluated to make you, a stranger on the internet, feel better, fine. Were I king of 'Murka, I'd have economists consult with real estate agents in the bigger cities to evaluate what the average rent is on a 2-bedroom apartment not in a luxury high-rise, standard decent housing for standard decent 'Murkans (and I'd choose the bigger cities because the cost of living might be higher, but I'd operate under the assumption that people who live in suburban or rural areas, where rent is lower, probably need to own/insure/maintain/gas up a car, because most places in America not in major cities has sparse public transit). I'd have those economists consult with utility companies to estimate what the average family of four in a 2-bedroom apartment consumes in power, water, heat. I'd have the consult with grocery stores in those cities to figure out what it costs an average family of four to eat 3 squares. Consult with stores to estimate average clothing prices. Consult with phone/cable/internet companies to estimate basic phone needs and basic internet needs (because again, unlike you, I think internet might be even more important when you're broke because it gives you instant access to info on who's hiring where). How much health insurance will be for people who aren't getting it through work, and how much it would be for people in states that didn't accept increases in Medicare funding. I may be forgetting stuff but that's why I'm hiring those economists at top dollar and making guys like you pay for it direct from your taxes (seriously, there'll be an itemization JUST on the paychecks of guys like you to pay for this study). Once the average for families of four across these various cities is compiled, I'd add 20% to that average (because the average assumes roughly half of people might need more than the average) and say "There. That's what an individual needs to make to support a family of four."
I'd then have those economists estimate what that cost would be 7 years from now.
I'd then work with those economists to present that case to Congress (I may be the king of 'Murka, but I'm not a
dictator, for crying out loud!) as a means to raise the minimum wage to be at least that, and I'd also work with those economists with state Senates where the cost of living was higher than that to raise the wage beyond that average. And I'd try to make that happen gradually over the course of seven years (with the increase as expected by the economists being the goal) and tie it to cost of living increases going forward
Yeah, I know - a minimum wage isn't supposed to be enough to RETIRE, it's supposed to be a starter wage. To which I say, it's not enough to retire, it's enough to live on, stop trying to compare the two.
Yeah, I know - but...buh-buh-buh-but...if you're a regular family of four, why can't you make that an income for both parents working? That's more fair! To which I say, the same people always griping over how much people should get paid are also always griping over the erosion of the American family. Why WOULDN'T you want a world where one person can make enough for their family and one person can raise the kids you claim you care about so much? Furthermore, who's to say that family of four is a husband and wife? Could be a single parent and three kids, or two kids and a disabled relative, or one kid and TWO disabled relatives. And if you have a two parent household where both parents do work, great, they're the ones with the discretionary income necessary to keep your local restaurants open, buying new cars, the premium cable package, the vacations to destinations with economies that rely on tourist dollars. The CEOs who'll have to shell out that extra income will eventually get it back with more robust economy.
Yeah, I know...BUT...BUH-BUH-BUH-BUH (eye twitch, mouth foam, uncontrollable gas passing), The nation can't handle that kind of drastic change to its economy! Businesses will rebel! Small businesses will go under. To which I say, that sucks but it's something we, as a nation, and the 1% in particular should have thought about decades ago as the income disparity twixt upper and lower income brackets started getting farther apart. I'm giving you seven years to make it happen. We now have plenty of evidence that most areas where the minimum wage is raised above the national doesn't have chronic unemployment, doesn't wind up losing businesses looking for cheaper labor elsewhere in the country, and more robust local economies compared to nearby states or towns where the wage hasn't been raised. We've tried trickle down economies. We've tried having a Congress that ignores the regulations nominally put in place to protect and control businesses from damaging the dollar or the environment. Let's give "human dignity for all" a shot. I'm game. But then again my opinion is a bit biased. And if I'm wrong, hey I'll be over thrown by the cult of John Galt and my head put on a pike for the wage slaves to be reminded what happens when people give a crap about them.
Go ahead, spew away. I'm going to take a nap. I've earned it.